HP Inc. $HPQ Shares Sold by Lombard Odier Asset Management Europe Ltd

Lombard Odier Asset Management Europe Ltd lowered its position in HP Inc. (NYSE:HPQ) by 33.7% during the first quarter, HoldingsChannel.com reports. The fund owned 132,195 shares of the computer maker’s stock after selling 67,182 shares during the quarter. Lombard Odier Asset Management Europe Ltd’s holdings in HP were worth $2,539,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. raised its position in HP by 1.9% during the fourth quarter. Vanguard Group Inc. now owns 132,094,388 shares of the computer maker’s stock worth $2,943,063,000 after acquiring an additional 2,435,634 shares during the last quarter. State Street Corp increased its stake in shares of HP by 5.3% during the 3rd quarter. State Street Corp now owns 52,703,639 shares of the computer maker’s stock worth $1,450,245,000 after purchasing an additional 2,651,623 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of HP by 1.0% during the 4th quarter. Geode Capital Management LLC now owns 27,313,924 shares of the computer maker’s stock worth $607,373,000 after purchasing an additional 274,033 shares in the last quarter. Invesco Ltd. raised its position in shares of HP by 31.7% during the 4th quarter. Invesco Ltd. now owns 15,236,428 shares of the computer maker’s stock worth $339,468,000 after purchasing an additional 3,671,511 shares during the last quarter. Finally, AQR Capital Management LLC lifted its stake in HP by 50.2% in the 4th quarter. AQR Capital Management LLC now owns 13,582,142 shares of the computer maker’s stock valued at $302,610,000 after buying an additional 4,542,339 shares in the last quarter. 77.53% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Citigroup boosted their price target on HP from $20.00 to $25.00 and gave the stock a “neutral” rating in a report on Thursday, May 28th. JPMorgan Chase & Co. increased their price objective on HP from $22.00 to $26.00 and gave the company a “neutral” rating in a research note on Thursday, May 28th. The Goldman Sachs Group boosted their target price on shares of HP from $16.00 to $19.00 and gave the company a “sell” rating in a research note on Tuesday, June 2nd. Wells Fargo & Company upped their target price on shares of HP from $18.00 to $20.00 and gave the company an “underweight” rating in a report on Thursday, May 28th. Finally, Morgan Stanley lifted their price target on shares of HP from $17.00 to $19.00 and gave the stock an “underweight” rating in a report on Thursday, May 28th. Two investment analysts have rated the stock with a Strong Buy rating, eight have assigned a Hold rating and five have given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Reduce” and an average price target of $23.33.

Insider Buying and Selling

In related news, insider David P. Mcquarrie sold 10,524 shares of the stock in a transaction that occurred on Tuesday, July 28th. The shares were sold at an average price of $27.98, for a total transaction of $294,461.52. Following the completion of the sale, the insider owned 81,676 shares of the company’s stock, valued at approximately $2,285,294.48. This represents a 11.41% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.18% of the stock is owned by corporate insiders.

HP Stock Up 0.2%

Shares of NYSE:HPQ opened at $27.32 on Monday. The company has a market cap of $24.99 billion, a P/E ratio of 10.08, a P/E/G ratio of 4.60 and a beta of 1.17. The business has a fifty day simple moving average of $24.69 and a 200-day simple moving average of $21.41. HP Inc. has a 52 week low of $17.56 and a 52 week high of $29.65.

HP (NYSE:HPQ) last announced its quarterly earnings results on Wednesday, May 27th. The computer maker reported $0.86 earnings per share for the quarter, beating analysts’ consensus estimates of $0.72 by $0.14. The company had revenue of $14.41 billion for the quarter, compared to analyst estimates of $13.99 billion. HP had a net margin of 4.45% and a negative return on equity of 581.36%. HP’s revenue for the quarter was up 9.0% on a year-over-year basis. During the same quarter last year, the business earned $0.71 EPS. HP has set its FY 2026 guidance at 2.900-3.100 EPS and its Q3 2026 guidance at 0.610-0.710 EPS. Sell-side analysts expect that HP Inc. will post 2.98 earnings per share for the current fiscal year.

HP Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 7th. Shareholders of record on Wednesday, September 9th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 4.4%. The ex-dividend date of this dividend is Wednesday, September 9th. HP’s payout ratio is 44.28%.

About HP

HP Inc is an American multinational information technology company that designs, manufactures and sells personal computing devices, printers and related supplies and services. Its product portfolio spans consumer and commercial notebooks and desktops, workstations, displays and accessories, as well as an extensive line of printing hardware that includes home, office and production printers. HP also provides consumables such as ink and toner, managed print services, device deployment and lifecycle support, and software for device and print management.

Founded from the original Hewlett‑Packard Company, HP Inc became a separately traded public company in 2015 following a corporate split that created Hewlett Packard Enterprise to focus on enterprise hardware and services.